General Information
Commercial Group FX (CGFX) Is One Of The Largest Online Financial Brokerage Companies In The Region And Is A Major Market Maker In Various Financial Sectors, Mainly Currency And Stock Markets. The Company Offers Online Trading Via The Internet To The General Public (individual Traders And Institutions) To Trade Foreign Exchange, Indices, Futures, CFDs And Energy. The Company Started Its Activities In 1998 As The First Foreign Exchange Brokerage In Jordan. The Company Was Established In Response To The Growing Demand For Financial Marekt Trading, Therefore, The Company Exists To Meet The Real Need For Customer-oriented, Expertise-based And Efficient Financial Services That Bring Customers To The Floor Of Major Financial Marekt's Everywhere. CGFX Is Committed To Providing, To Our Clients, Exceptional Financial Trading Services, Worldwide. With 25 Years Of Unrivalled Experience, And A Global Reach Backed By Multiple Licenses, We Are Seeking, Reliability, Innovation And Excellence, Forex And CFD Trading.
Advantages Of CGFX:
- Competitive Spreads: CGFX Offers Competitive Spreads Starting From 0.0 Pips That Can Benefit Traders By Reducing Trading Costs.
- Demo Account Available: CGFX Offers Demo Account Accounts That Allow Traders To Practice And Test Strategies Without Taking Real Risks.
- Support For MT5 Platform: CGFX Supports The Popular MetaTrader 5 Platform, Which Is Widely Used Worldwide For Its Advanced Charting And Trading Features.
- Acceptable Minimum Deposit: CGFX Has Set An Acceptable Minimum Deposit Requirement Of 50 Dollars, Enabling Traders Of All Investment Sizes To Enter The Market.
- Multi-channel Support: CGFX Provides Multiple Channels For Traders To Contact Customer Support, Including Live Chat, Contact Form, Phone, WhatsApp, Etc., To Provide Assistance At Any Time.
CGFX Disadvantages:
- Beyond The Scope Of ASIC Regulation: CGFX Operates Outside The Scope Authorized By The Australian Securities And Investments Commission (ASIC). There Are Risks Associated With This Regulatory Non-compliance.
- Regional Restrictions: CGFX Does Not Provide Services To Citizens Of The United States, Iran, Syria, And North Korea.
Regulatory Information
CGFX Has Indicated That They Have Taken Measures To Protect Their Clients, Such As Segregation Of Funds, Banking Relationships, And Security Technologies And Services.
However, It Is Important To Note That This Broker Operates Outside The Authorisation Of The Australian Securities And Investments Commission (ASIC) (license Number: 150 714 882). Therefore, There Are Certain Risks Associated With Investing With CGFX. Before Making Any Investment Decisions With CGFX, It Is Necessary To Conduct Thorough Research And Evaluate The Potential Risks And Rewards. It Is Generally Recommended To Invest With A Fully Regulated Broker To Maximize Protection Of Your Assets.
Market Tools
CGFX Offers A Range Of Trading Tools Across Different Asset Classes, Including:
Currencies - CGFX Offers Access To The Forex Market, Allowing Traders To Buy And Sell Major, Minor, And Exotic Currency Pairs. Examples Of Tradable Currency Pairs Include EUR/USD, USD/JPY, GBP/USD, Etc.
Commodities - CGFX Offers A Range Of Commodities Trading, Including Precious Metals, Energy, And Agricultural Commodities. Examples Of Tradable Commodities Include Gold, Silver, Crude Oil, Natural Gas, And Wheat.
INDEX - CGFX Allows Traders To Buy And Sell The World's Leading Stock Indices Such As S & P 500, NASDAQ, FTSE 100, Nikkei 225 And Many More.
STOCK - CGFX Enables Traders To Invest In The Stocks Of The World's Leading Companies Such As Facebook, Apple, Amazon, Microsoft And Many More.
Account Type
- CG Plus Account:
This Is An Entry-level Account With A Minimum Deposit Requirement Of 50 Dollars. It Offers Competitive Spreads, Access To The Trading Platform And A Range Of Trading Tools Including Forex, Indices, Commodities And Stocks.
- CG Pro Account:
This Is An Intermediate Account With A Minimum Deposit Requirement Of 250 Dollars. It Offers Lower Spreads, Access To Advanced Trading Tools, And Priority Access To Customer Support. The CG-Pro Account Is For Traders Who Need Higher Leverage, Priority Technical Analysis, And Access To Educational Resources.
- CG Prime Account:This Is A Premium Account With A Minimum Deposit Requirement Of $1,000. It Offers Minimum Spreads, Personalized Support, One-on-one Trading Instruction, A Dedicated Account Manager, And Access To Exclusive Trading Tools And Resources.
All Accounts Include MT5 Mac & PC & IOS & Android, 20% Stop Loss Level, Market Execution, 0.01 Minimum Trading Lots And 100% Margin Call.
The CGFX Demo Account Provides A Risk-free Environment That Allows Traders To Trade With Virtual Funds And Test The Functionality And Features Of The Platform. This Is A Great Option For Traders Who Wish To Gain Knowledge And Skills Without Risking Their Own Funds.
Leverage
CGFX Offers Leverage Up To 1:400. Leverage Is A Tool That Allows Traders To Amplify Their Trading Positions By Borrowing Additional Funds From A Broker. With A Leverage Ratio Of 1:400, A Trader Can Control A Position That Is 400 Times Higher Than Their Initial Investment Amount. This Means That A Trader Can Enter A Larger Trading Position With A Small Amount Of Capital And Potentially Make A Higher Profit.
However, It Is Important To Note That High Leverage, While It Can Increase Potential Returns, Comes With Significant Risks. Amplified Risk Exposure Can Lead To Larger Losses If The Market Is Not Favorable To The Trader. Traders Must Fully Understand The Risks Associated With Leverage And Use It Responsibly.
Trading Platform
CGFX Is A Leading Online Trading Broker That Offers Clients The Widely Known MetaTrader 5 (MT5) Platform. MT5 Is A User-friendly Platform That Gives Traders Access To Multiple Financial Marekts Including Forex (FX), Commodities, Contracts For Difference (CFDs) And Indices. This Means Traders Can Trade Multiple Financial Instruments And Make Important Trading Decisions Based On Accurate Real-time Prices.
The CGFX MT5 Platform Is Available And Optimized On Multiple Devices Including PC, Mac, IOS And Android, Meaning Users Can Trade Anytime And Anywhere. In Addition, The Company Offers A Virtual Private Server (VPS) Trading Service, Which Is A Vital Component For Traders Who Wish To Run Automated Trading Systems Or Expert Advisors. The VPS Service Ensures That Traders Can Trade Without Interruption, 24 Hours A Day, 5 Days A Week, Without Having To Keep A Personal Computer Online.
Deposits And Withdrawals
CGFX Offers A Very Rich Selection Of Deposits And Withdrawals, Ensuring That Traders Worldwide Can Easily Manage Their Funds. Whether You Prefer The Speed And Anonymity Of Using Cryptocurrencies, Or Methods Such As More Traditional Bank Transfers, CGFX Has You Covered. In Addition, Services Such As Perfect Money, SticPay, And Local Banking Transactions Cater To Specific User Preferences, Enhancing Convenience. The Unique CGFX Card Also Allows You To Access Funds Directly From Your Trading Account.
